Published on 6/16/2017 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $118,000 callable contingent coupon notes on indexes
By Susanna Moon
| Chicago, June 16 – | Barclays Bank plc | priced $118,000 of callable contingent coupon notes due June 3, 2020 linked to the lesser performing of the | Russell 2000 index | and the | Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
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| The notes will pay a contingent quarterly coupon at an annualized rate of 8.75% if each index closes at or above its 70% coupon barrier on the observation date for that quarter.
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| The notes are callable at par on any interest payment date after one year.
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| If each index finishes at or above its 70% barrier level, the payout at maturity will be par plus the final coupon.
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| Otherwise, investors will be fully exposed to the decline of the worse performing index.
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| Barclays is the agent.
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Issuer: | Barclays Bank plc
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Issue: | Callable contingent coupon notes
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Underlying indexes: | Russell 2000, Euro Stoxx 50
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Amount: | $118,000
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Maturity: | June 3, 2020
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Contingent coupon: | 8.75% per year, payable quarterly if each underlying index closes at or above 70% coupon barrier on observation date for that quarter
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Price: | Par
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Payout at maturity: | If each index finishes at or above 70% barrier, par plus final coupon; otherwise, full exposure to losses of worse performing index
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Call option: | At par on any interest payment date in November 2017
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Initial levels: | 1,370.21 for Russell, 3,554.59 for Stoxx
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Barriers: | 959.147 for Russell, 2,488.213 for Stoxx, 70% of initial levels
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Pricing date: | May 31
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Settlement date: | June 5
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Agent: | Barclays
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Fees: | 0.3%
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Cusip: | 06741VTJ1
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